Afternoon Commodities Report from Allendale for July 25, 2012

Posted on July 25, 2012


Commodities are green across the board today.

This morning Reuters reported that Cargill Indonesia intended to import between 240,000 and 250,000 tons of soybeans into Indonesia in 2012.  The company expects the country to need 1.6 million tons of soybeans in 2012. The country has 50 – 60 days of soybean inventory.

Recent Trading Prices (per bushel unless otherwise stated)

Contract Commodity Last Change
Dec 2012 Corn $7.87 +0.0875
Sept 2012 Wheat $9.0375 +0.2500
Nov 2012 Soybeans $16.1500 +0.4550
Aug 2012 Soybean Oil (Metric Ton) $52.2000 +0.6200
Aug 2012 Soybean Meal (Metric Ton) $529.8000 +20.0000

Afternoon Commodities Report from Allendale

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